Now available: Business funding solutions for your clients
CPA.com and Biz2Credit
Business Funding Portal
NEW: SBA 7(a) LOANS NOW AVAILABLE
SBA programs offer lower down payments and longer-term financing for newer businesses. Sign up for the Portal now to begin offering this exciting financing option to your clients.
CPA Business Funding Portal
Apply for a CPA Business Funding Portal account to begin offering financing advisory services to your clients.
Engaging With Clients Whitepaper
Download this whitepaper to learn how to identify ideal clients and offer them financing advisory services.
What are CPAs saying about financing advisory services?
We’re entering into a new service offering for the profession by being able to work more closely with the lender and secure term loans for our clients through the CPA Business Funding Portal. This will help us maintain that strong bond as the trusted advisor.
WISS & COMPANY, LLC
CPAs are uniquely situated to assist clients with their financing needs. We know the client's business better than anyone else. We know their financial statements. We know their cashflow needs.
Young & Wadlington
The CPA profession has a unique opportunity right now to expand our trusted advisor role through business financing advisory services.
The CPA Business Funding Portal offers a way for the accounting community to play a more integral role in supporting clients’ business financing needs.
A. Parness & Company
Deliver Financing Solutions to Your Firm’s Business Clients
As trusted business advisors, CPAs are uniquely positioned to provide valuable insights into the financial health of their clients’ businesses. And when the need for business capital and financing arises, there are a wide array of options available, which can quickly make finding the right business funding solution a difficult task. That’s why CPA.com, in partnership with fintech lender Biz2Credit, developed the CPA Business Funding Portal, a cloud-based tool designed specifically for CPAs and CPA firms.
This scalable solution enables firm staff of all sizes to manage all their clients’ business financing needs through one streamlined platform. With the Portal, CPA firms can more confidently provide ongoing business capital and financing advisory services, including securing competitive financing for clients that traditional lending providers cannot match.
Financing Solutions for your Clients
Learn about the financing options available through the CPA Business Funding Portal.
SBA 7(a) Loans
The premier government-guaranteed business loan.Funded by Partner Banks
$15K – $5M
5 years - 10 years
- Approval in
90 days or less
Fast financing for your business.Funded by
$25k - $2M+
- Paid back
From business receipts
- Approval in
24 hours or less
- Payable from receipts
Daily, weekly, bi-monthly
Get access to your Employee Retention Tax Credit fasterFunded by
- Amount up to
65% of ERTC
6 - 36 months
- Up to 12 months
- Apporval in
5 days or less
Stability to grow revenue over time.Funded by
$25K – $500K
12, 18, 24, 36, 48, 60 months
- Approval in
As fast as 24 hours
Weekly, bi-monthly, monthly
Larger loans secured by commercial real estate.Funded by
$250K – $6M
- Approval in
30 days or less
CPA Business Funding Portal – Subscription Options
$1,499 per year
*Enhanced forgiveness features include: automatic bank statement and utility data imports, and AICPA forgiveness calculator import.
Access to the CPA Business Funding Portal is available to licensed professionals and advisors who are processing the Paycheck Protection Program loan applications & loan forgiveness applications on behalf of their clients. Effective April 2, 2021, if you are a non-CPA user you will only be able to submit applications if you meet certain conditions related to your controls on client qualification and document gathering. Learn more.
The business funding solution is designed to streamline the application process with benefits including:
Important Resources & Information
Expand each section below to view and access applicable support resources for you and your clients.
CPA Business Funding Portal Resources
Other Important Updates
Portal Operational Update
As we near the final days of the program, it’s important that firms work with clients to make final decisions on open applications. This includes applications with the ‘More Information Needed’ status. Those requirements must be completed by June 25th. We reviewed the most common reasons for applications under the ‘More Information Needed’ status and what steps firms need to take to move the application into funding stage. We touched upon a popular question around the status of agent fees. Key information shared around this topic was that firms that have all their deals finalized by end of May are being paid 100% by end of June. The rest of the applications currently in process will be paid in July once those applications are funded at the end of this month. As we reviewed our roadmap, we looked at what role the CPA Business Funding Portal can play in helping firms serve their clients in the future. Three key areas were identified based on the feedback we have heard from you. These areas include providing additional forgiveness support, launching new financial products in the post-PPP world and finally, new wider integrations into the applications CPA firms are already using in their practices.
Portal Operational Update
As we near the final days of the program, it is important that firms work with clients to make final decisions on open applications. This includes any applications with the ‘More Information Needed’ status. Those requirements must be completed by June 30th.
And as we turn towards forgiveness, we reviewed in-depth the opportunity to support clients with this service offering. We also highlighted the new resource that firms can share with their clients: PPP Forgiveness Required Documents, customer guidebook.
Finally, we reviewed the eligibility, processing and status of agent fees followed by answering frequently asked and important customer questions during the Q&A portion of the update.
Your key questions, answered here.
*FAQs will continue to be updated as we receive / confirm information.
For more FAQs visit CPALoanPortal.com.
Can I participate in the Paycheck Protection Program (PPP) if I received an Economic Injury Disaster Loan (EIDL)?
Yes, you can participate in both the PPP loan and/or a Second Draw (aka PPP2) and EIDL programs. Initial guidance indicated the EIDL advance would reduce PPP forgiveness. Recently released legislation clarified this position and the EIDL advance does NOT reduce forgiveness.
Does CPA Business Funding Portal support the payment of agent fees?
Yes. As part of the user agreement, CPAs or other advisors are entering into an agreement with Biz2Credit and are eligible to receive agent fees. Only paid subscribers of the CPA Business Funding Portal are eligible to receive agent fees for applications that are funded directly through Biz2Credit, subject to the application limits of the selected subscription plan.
CPAs have an option to ‘opt-out’ of receiving agent fees if they so choose.
How much are the agent fees?
The amount of the Agent Fees is determined by the final guidance issued by the government and may differ depending on if a loan is considered a 1st Draw or 2nd Draw. In either case, they shall not exceed 1% of the total loan amount.
The agent fee shall not exceed:
- 1.0% for loans up to $350,000;
- 0.50% for loans between $350,000 and $2 million; and
- 0.25% for loans of $2 million or more
Based on discussions, we believe an additional tier for loans below $50,000 will be added.
- We expect the agent fee for this tier to be lesser of 10% loan principal or $500.
How do I provide Business Relief Advisory Services, including managing clients’ PPP applications and forgiveness through a lender, without impairing our firm’s independence?
Please review the AICPA’s position in this article: Update: Impact of accepting PPP agent fees on independence
For additional guidance, please consider Risk Alert: Round Two – Paycheck Protection Program Loan Application Assistance and Forgiveness Application Assistance Services.(This resource includes two sample engagement letters.)
Can you apply for a Second Draw loan before you receive forgiveness for your original PPP loan?
Yes, you may apply for a Second Draw loan if you have used, or will use, the full amount of the original PPP loan.
Who can I contact for technical support?
Please send an email to email@example.com for customer support related issues on the CPA loan portal.
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Building a future ready firm
The accounting landscape is changing rapidly and one word—complexity—defines both the greatest challenge and opportunity for CPAs. To keep pace with client expectations, firms are rethinking their strategies for practice management, client services and talent development.
CPA.com is your primary source for taking the complexity out of moving your firm into the digital arena – enabling you to focus on growing your business with the smartest solutions in our profession.